Stratasys Ltd (NASDAQ:SSYS) Receives Average Rating of “Hold” from Brokerages

Shares of Stratasys Ltd (NASDAQ:SSYS) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $27.00.

Several research firms have recently issued reports on SSYS. BidaskClub lowered shares of Stratasys from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine upgraded shares of Stratasys from a “hold” rating to a “buy” rating in a report on Friday, June 28th.

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SSYS stock traded down $1.09 during trading on Friday, hitting $24.64. 798,268 shares of the company’s stock traded hands, compared to its average volume of 674,624. Stratasys has a 52 week low of $17.06 and a 52 week high of $30.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.84 and a quick ratio of 3.07. The firm has a fifty day simple moving average of $27.25. The firm has a market capitalization of $1.51 billion, a PE ratio of 107.13, a price-to-earnings-growth ratio of 3.64 and a beta of 2.01.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03). The business had revenue of $163.16 million for the quarter, compared to the consensus estimate of $168.74 million. Stratasys had a net margin of 0.69% and a return on equity of 1.30%. Stratasys’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 EPS. As a group, analysts expect that Stratasys will post 0.33 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in SSYS. Nikko Asset Management Americas Inc. lifted its holdings in shares of Stratasys by 9,931.6% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 2,949,096 shares of the technology company’s stock worth $86,615,000 after acquiring an additional 2,919,698 shares during the last quarter. Norges Bank bought a new stake in shares of Stratasys in the 4th quarter worth about $9,733,000. ARK Investment Management LLC lifted its holdings in shares of Stratasys by 7.2% in the 1st quarter. ARK Investment Management LLC now owns 7,259,928 shares of the technology company’s stock worth $172,931,000 after acquiring an additional 485,770 shares during the last quarter. Millennium Management LLC increased its stake in Stratasys by 505.2% in the 4th quarter. Millennium Management LLC now owns 492,329 shares of the technology company’s stock worth $8,867,000 after buying an additional 410,983 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new position in Stratasys in the 1st quarter worth about $8,818,000. Hedge funds and other institutional investors own 72.10% of the company’s stock.

About Stratasys

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.